Follow on Google News News By Tag * Franchise Financing * Sba Loans * Equipment Financing * 7 A Loans * Small Business Loans * More Tags... Industry News * Small business loans * More Industries... News By Place Country(s) Industry News
Follow on Google News | Bankers One Capital procures financing for a new Pizza Hut opening in West Haverstraw New YorkGiven the current recessionary economic pressures and tight credit markets, business loans for small business owners remain a challenge. However, as underwriting standards have tighten, financing remain available for projects with good fundmentals
By: Bankers One Capital - PR Department Bankers One Capital remained focused and diligent in navigating through the challenging economy. The firm was not only successful in obtaining the loan commitment to protect the client from the lose of a premimum selected lease space, but, also had made funds available for the new combo Pizza Hut & Wingstreet franchise business to get open without any delays of schedule. The new Pizza Hut & Wingstreet take-out business is now open and serving customers in the West Haverstraw market and has created new jobs for this local market. "The debt markets continue to be restrained. However, business loans are being made and it is more important now then in the past to have a sound project that is well capitalized with equity injection, good project fundementials such as cash flow coverages, strong managment team with specific industry experience, and collateral support", says Reginald Heard, President & CEO. Heard further says "In any recessionary environment banks and lenders almost always tighten in-house credit standards. We are back to the basic of sound credit underwriting, but, our banking system is well capitalized and funds still remain available to fund good deals for quality borrowers". # # # Bankers One Capital is a national debt & private equity placement firm that specializes in the franchise, restaurant, and the hospitality industries. We procure financing for start-up, business acquisition, equipment & owner-user commercial real estate. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|